iGlobe Partners' Innovating Investing Honored at the International Innovation Awards 2019 in Singapore

December, 17/2019 - 08:38
iGlobe Partners' Innovating Investing Honored at the International Innovation Awards 2019 in Singapore

SINGAPORE - Media OutReach - 17 December 2019 - Enterprise Asia announced the winners of the International Innovation Awards 2019 in Singapore. Thirty-five products, services and organizations are named as award winners from over 160 submissions.

 

"There are not conventional 'innovations'. When we set out to identify winners of the International Innovation Awards, our goal is to present a broad spectrum of innovations that could spur greater innovation in the recipients' respective countries and industries. Just as innovation itself is continuously self-redefining, the awards are meant to promote continuity in innovation", said Dato' William Ng, president of Enterprise Asia.

 

Among the notable recipients of the InnoCube are AIA Malaysia, Taiwan's HIWIN Technologies Corp., Singapore's Olam International Ltd., Philippines' Unilever, Indonesia's PT MRT Jakarta, and United Arab Emirates' Roads and Transport Authority and Vietnam's Tan Hoang Minh Group.

 

Organized annually by Enterprise Asia, the International Innovation Awards is among the most coveted global awards for innovation and aims to recognize best innovations in the categories of Product, Service & Solution, and Organization & Culture. This year's judging panel include Martin Daffner, founder of Innobrix, Professor Nadia Thalmann of Nanyang Technological University, Professor Natcha Thawesaengskulthai of Chulalongkorn University, Makoto Shibata of FINOLAB, The FinTech Center of Tokyo and Anna Simpson of Flux Compass.

 

"These are the trailblazers of our world. Beyond the obvious commercial value, these innovations are what would power the world forward, individually and collectively. I hope that more companies and organizations would realize that constant innovation is not a luxury, but necessity", says Ng.

 

About iGlobe Partners’ Innovating Investing

iGlobe wasestablished in Dec 1999 by its founder, Mrs Koh Soo Boon, after a successfulstint as a Corporate Venture capitalist and banker. The firm identifiesstart-ups and companies in early growth stages with emerging technologies andinnovations that will become game changers in the marketplace. It sourcesstart-ups from Silicon Valley and brings them through Singapore as a gateway toAsia. Hence, even in the early stage of development of these start-ups, iGlobeexpanded their potential markets globally, thereby increasing the value of thestart-ups with better revenue generation and market addressability.

 

As an example,iGlobe identified the potential of Unity Technologies at its early period in2011 and led the Series B round amidst competition from 11 other larger US VCsat that time. It earned the respect of Sequoia Capital (Series A lead of UnityTechnologies) and the Unity Technologies' founding team.

 

iGlobe's uniquetrack record of having brought firms to Asia over the past years, gave it thatcredibility with Unity Technologies whom it brought to Singapore, as a gatewayto Asia. iGlobe often co-invests with major US VC firms such as Arch Ventures,DCM Capital, Lux Capital, Qualcomm Ventures etc. who have found immense valuein iGlobe's ability to identify and understand the potential value of thestart-ups and develop them. With this strategy, iGlobe has demonstrated stellarreturns for its fund investors. In a way, through its efforts, iGlobe has putSingapore on the global VC map by being plugged into the major investingnetworks. The funds have outperformed the global benchmarks for VC firms.iGlobe invests in Silicon Valley firms and brings them to Asia. Similarly, itbrings Singapore firms to expand in the region as well, making Singapore thegateway for these firms.

 

Through itsmission of 'democratising investment in deep technology' for the smallerindividual investors, iGlobe has been able to maintain a loyal and growingcohort of high net worth investors and family offices. The demonstrated returnshave ensured the growth in the subsequent fund sizes. iGlobe's philosophy ofconnecting investors to the start-ups as if they were major investors is a uniquedifferentiation of the fund. iGlobe provides frequent updates about theperformance of the investments and start-ups on quarterly basis.

 

iGlobe was ableto identify unicorns in their infancy, leading the rounds in the iconic gamingcompany -- Unity Technologies, u-blox, ACSL, NerdWallet, Hippo and Matterport.


About Enterprise Asia

Enterprise Asia strives to create an Asia that is rich inentrepreneurship as an engine towards sustainable and progressive economic andsocial development reinforced by its strong pillars of: DemocratizingEntrepreneurship, Institutionalizing Sustainability and Empowering Innovation.


About International Innovation Awards

The International Innovation Awards is an annual regionalrecognition program that recognizes outstanding innovations, and in theprocess, encouraging organizations to continue investing in innovations. Formore information on the International Innovation Awards 2019, please visit www.innovationaward.org

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